Wednesday, November 30, 2022

Honda will build a fuel cell CR-V in Ohio

Honda Motor Co. will build a fuel cell electric version of its sixth generation CR-V compact crossover starting in 2024.

In addition to using fuel cell technology, which promises quick refueling and generous range, the vehicle will feature a plug that will enable drivers to charge the onboard battery for electricity-powered trips around town.

The Japanese automaker will produce the vehicles at its Performance Manufacturing Center in Marysville, Ohio. Honda did not say how many CR-V fuel cell vehicles it expects to build, but the facility is used for assembling lower-volume products and specialty performance vehicles such as the hybrid Acura NSX supercar, which ceased production there this month.

Honda, the world's largest maker of gasoline engines, has set an aggressive goal to reach carbon neutrality for its operations and products by 2050, which includes a complete electrification of its vehicle lineup by 2040.

The production of fuel cells in the U.S. will help Honda "further explore their great potential as part of a sustainable transportation future," Gary Robinson, American Honda Motor Co.'s vice president of auto planning and strategy, said in a statement.

The 2024 target date for the CR-V fuel cell coincides with the launch of Honda's first battery-electric vehicle, the Prologue midsize crossover, which will be built in collaboration with General Motors.

In the meantime, Honda will offer hybrid variants of its top-selling CR-V, Accord and Civic to drive down emissions and ready its customers for electrification. While it has debuted the CR-V hybrid, it expects to launch a hybrid Accord in January. The Civic hybrid plan is still forthcoming.

Fuel cell vehicles use a high-pressure hydrogen tank to generate electricity inside fuel cells, which powers the vehicle's electric motor. While the act of refueling is comparable to filling up a gas tank both in time and process, the lack of hydrogen refueling stations has proved challenging for automakers such as Honda and Toyota, which are developing the technology.

The country's hydrogen network has so far been focused on the West Coast, clustered primarily in California. Honda says it has invested $14 million to support the infrastructure in the Golden State, which has forged a pathway for zero-emission vehicles.

Since 2013, Honda has been part of the H2USA private-public partnership with other automakers, hydrogen suppliers and the fuel cell industry to find a cost-effective way to build out an infrastructure that will deliver affordable and clean hydrogen fuel in the U.S.



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GM's Cruise plans to enter 'a large number of markets' in 2023

The planned launch of the Origin, designed as a purpose-built automated vehicle, "is a huge unlock" for Cruise because of its lower cost.



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Toyota, Honda owners defecting to rivals for EV options, S&P Global

Early data from S&P Global Mobility suggests consumers moving to EVs this year are leaving Toyota and Honda, which are falling behind in the EV transition. The beneficiaries: Tesla, Ford, Hyundai and Chevrolet.



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GM advertising agency Campbell Ewald names its first female CEO

Kari Shimmel, 41, CE's chief strategy officer since late 2018, will immediately step into the role of CEO, succeeding Kevin Wertz, who is stepping down as CEO but will remain in a consulting role.



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Honda will get new hands-off features mid-decade

The upgraded suite, called Honda Sensing 360, is now being deployed on some models in China. It uses an expanded sensory range around the entire vehicle that eliminates blind spots and enhances collision avoidance.



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BYD passes VW as China's top-selling brand in November

The reversal highlights the pressure on legacy brands in the world's largest auto market.



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Tuesday, November 29, 2022

Lordstown Motors starts deliveries on Endurance pickups

Electric vehicle startup Lordstown Motors achieves homologation certification from federal regulators and can begin delivery of trucks to customers



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Woman dies in crash during test drive outside Florida Nissan dealership

A central Florida woman was killed while participating in a test drive of a 2023 Nissan Rogue from a dealership in Winter Haven, Fla.



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Faraday Future replaces former BMW exec Breitfeld as CEO

Faraday’s directors voted to remove Breitfeld and replace him with Xuefeng Chen, who currently leads the automaker’s China division.



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Stellantis evaluating dealers for chargers, EV sales needs

The automaker is working to ease dealerships into its ambitious EV rollout, but it has no plans to specify the dollar amounts they'll need to invest as GM and Ford have done.



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U.S. heartland lags in EV sales, but new models should help, S&P Global says

The 22 heartland states have just 16 percent of national EV share. A slew of new electric models and a push to build more EV chargers is likely to spur greater adoption, the report says.



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Biden asks Congress to force rail deal over union objections

Biden said Monday that lawmakers should “immediately” codify the agreement he helped broker in September between unions and railroads “without any modifications or delay,” after some labor groups voted to reject it.



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Who's next? Chinese EVs drive Stellantis' Jeep off the road

Stellantis' factory capacity utilization in China is estimated to fall to 13 percent in 2022 from 43 percent in 2017, LMC says, while other mainstream automakers, including VW, GM, Ford, Mitsubishi and Hyundai, have also seen plant usage decline in the last five years.



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Monday, November 28, 2022

May Mobility names senior Intel executive as COO

Autonomous shuttle developer named Kathy Winter, a veteran self-driving vehicle technology executive at Intel, Delphi and other companies, as COO.



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U.S. heartland lags in EV sales, but new models should help, S&P Global says

The 22 heartland states have just 16 percent of national EV share. A slew of new electric models and a push to build more EV chargers is likely to spur greater adoption, the report says.



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Tesla readies revamped Model 3 with project 'Highland,' report says

One focus of the redesign codenamed "Highland" is to reduce the number of components and complexity in the interior of the Model 3 while focusing on features that Tesla buyers value.



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Tesla makes automated driving available to North American owners

Tesla is making its controversial driver-assistance system available to customers previously deemed not safe enough behind the wheel to test it out.



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VW halts production at China plant amid COVID wave

Protests have erupted in cities across China over the weekend, including Chengdu, as frustrations mount over the government's zero-COVID policy.



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Sunday, November 27, 2022

The latest numbers on the microchip shortage: N. America, Asia endure more cuts

Any notion that the microchip shortage would be over by now is proving to be wishful forecasting. 



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Column: In defense of picking Joe Manchin, Elon Musk as Automotive News All-Stars

Manchin and Musk have generated their share of controversy, and they won't win any popularity contests in some circles, but there is no denying that the impact each has had on the industry this year has been outsized.



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2022 Automotive News All Stars

In 2022, neither the COVID-19 pandemic nor the global microchip shortage went away, but there are signs that both are abating. Still, the industry continued to face production challenges and inventory shortages. Our 2022 All-Stars persevered, delivering excellent products and services to their customers, introducing innovations that are key to the future of mobility and making other significant contributions to the industry in myriad ways.



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Saturday, November 26, 2022

October vehicle production tips up about 15%

The month brought an output of 1.32 million light vehicles, per the Automotive News Research & Data Center.



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VinFast ships first EVs to the U.S.

Vietnamese EV maker VinFast said it shipped its first batch of 999 cars to the U.S., capping a five-year bid to develop an auto production hub in the Southeast Asian country for North American and European markets.



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Column: VW dealers need a pickup, and U.S. executives know it

Volkswagen dealers need a pickup. VW of America executives know it, but nobody's been able to make it happen, and that's tragic.



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Friday, November 25, 2022

Kia America COO: Inflation Reduction Act disrupts EV market

Kia America COO Steve Center believes this summer's Inflation Reduction Act will crimp EV sales to mainstream customers.



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Thursday, November 24, 2022

Helfman Maserati hosts party to show off Grecale

Consumers got a chance to look at the new Grecale, enjoy plenty of food and beverages, and mingle with brand ambassadors.



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Ford recalls nearly 519,000 Bronco Sports, Escapes in the U.S. over fire risks

Ford said the recall covers 2020-2023 model year Bronco Sport and Escape crossovers with 3 cylinder, 1.5 liter engines, including many also recalled in April.



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Wednesday, November 23, 2022

TrueCar pilots online credit app in Southern California

New TrueCar program means customers don't have to go to the dealership to complete F&I paperwork and wait for final payment information.



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Why Chevy features a 65-year-old car in its holiday ad

The General Motors brand goes for emotional appeal, rather than the hard sell, in spot that features a woman, her neighbors and a 1957 Chevy Bel Air Nomad.



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Ford CPO sales gains buck the trend

Dealers participating in the Ford Blue Advantage program are experiencing double-digit gains at a time when sales of certified pre-owned vehicles nationwide are on pace to decline from 2021 levels.



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Ford E-Tourneo Custom electric van targets VW ID Buzz

As well as a full-electric variant, Ford will offer the new Tourneo Custom as a plug-in hybrid and with three diesel powertrains.



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Has Tesla's stock slump gone too far?

After losing nearly $300 billion in market value in two months, a growing chorus of Tesla analysts say the share-price decline has gone far enough.



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FBI joining Continental cyberattack inquiry

A theft of company data in August reportedly included budget, investment and strategy plans, as well as information related to some Continental customers.



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Tuesday, November 22, 2022

Venture capitalists on auto, mobility tech startups

Auto and mobility tech startups are phenomenal at innovating but terrible at scaling up their operations, according to one venture capitalist.



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LG Chem to invest $3.2B to build battery cathode plant in Tenn.

LG Chem is expected to supply cathode materials to Ultium Cells, a battery joint venture between General Motors and LG Chem's subsidiary LG Energy Solution.



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Mazda will invest $11B into electrification in catch-up plan

The plan could include EV production in the U.S. as early as 2026-2027. The automaker also will partner with Envision AESC Group, a Chinese-owned battery maker.



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Mazda to plow $11B into electrification catch-up plan

The plan could include EV production in the U.S. as early as 2026-2027. The automaker also will partner with Envision AESC Group, a Chinese-owned battery maker.



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Monday, November 21, 2022

Largest U.S. rail labor union votes against contract, raising strike risk

A rail traffic stoppage could freeze almost 30 percent of U.S. cargo shipments by weight, stoke inflation and cost the American economy as much as $2 billion per day.



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Lithia Motors buys Stellantis dealership, sells Acura store

Lithia Motors' buy-sell activity continued in November with the purchase of a Chrysler-Dodge-Jeep-Ram dealership and the sale of an Acura store.



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See Mercedes’ 'Avatar' ad as hype begins for blockbuster movie sequel

 The automaker latches on to the film’s progressive themes in bid to boost green creds.

 



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Some Rivian workers complain about safety as UAW attempts to organize plant

The dozen workers filed their complaints in coordination with the UAW, which has been trying to organize Rivian's plant in Normal, Ill., over the past year. The UAW shared the filings with Bloomberg News.



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Sunday, November 20, 2022

Reimagined fifth-gen Prius foreshadows new era of EV fighters

Toyota executives promise that coming advances in batteries, electric motors, semiconductors and carbon-neutral fuels will give hybrid vehicles an extended lease on life through 2050.



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Saturday, November 19, 2022

Car lot thefts escalate to chaos

One of the thieves died after crashing a stolen Ford Mustang, and police feared other armed suspects were hiding on a Michigan university campus.



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Dealer group speaks EV buyers’ language

Salespeople at Del Grande Dealer Group's stores are learning the ins and outs of electric vehicles to tap into the California group's EV inventory.



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Friday, November 18, 2022

Innovation, new business models take center stage at Automotive News L.A. Congress

The Automotive News Los Angeles Congress featured keynote speakers Jose Muñoz, global president and COO of Hyundai Motor Co. and Peter Rawlinson, CEO of Lucid Motors.



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Automotive supplier trade association condenses into two groups

The Motor & Equipment Manufacturers Association, which represents original equipment and aftermarket auto suppliers in the U.S., said the new brand and organizational structure will launch in January.



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Jaguar Land Rover to recruit fired Twitter, Facebook workers

Jaguar Land Rover wants to hire about 800 workers to boost its capabilities in autonomous driving, artificial intelligence, electrification and cloud software.



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Tesla recalls about 30,000 Model Xs

Tesla has recalled nearly 30,000 Model X cars over an issue that might cause the front passenger air bag to deploy incorrectly.



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Tokyo show to be revamped as mobility event

Organizers hope the Tokyo auto show will reboot international interest in Asia’s one-time premier auto event and in Japan as a technology leader.



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Thursday, November 17, 2022

Carvana CEO reflects on tough 2022: 'We're not a perfect company'

Carvana’s tumultuous journey in 2022 highlighted by mounting financial losses and a more challenging used-car market is being closely watched. CEO Ernie Garcia is prepared to get the company back on track.



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VinFast says four EV models coming to U.S.

The automaker is presenting two new crossovers at the L.A. auto show in addition to the midsize VF 8 and VF 9 models that have been open for pre-orders since early this year.



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2024 Kia Seltos gets rugged styling, more power

Kia's freshened 2024 Seltos subcompact crossover gets sharper styling, a new X-Line trim and more power from its turbo engine.



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How Bollore's plans for Jaguar Land Rover were derailed by chip crisis

Jaguar Land Rover CEO Thierry Bollore was starting to see results after key changes in his two-year tenure, but difficulties in securing chip deals hit production and profits.



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Toyota bZ Compact SUV Concept would slot below bZ4X in EV lineup

The Toyota bZ Compact SUV Concept, which debuted ahead of the Los Angeles Auto Show, is roughly the size of the Toyota Corolla Cross. A production version would likely be called the bZ3X.



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Wednesday, November 16, 2022

Toyota bZ Compact SUV Concept would slot below bZ4X in EV lineup

The Toyota bZ Compact SUV Concept, which debuted ahead of the Los Angeles Auto Show, is roughly the size of the Toyota Corolla Cross. A production version would likely be called the bZ3X.



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Father of the Prius still has his hand in Toyota's hybrid strategy

The father of Toyota's Prius 25 years ago, chief engineer Takeshi Uchiyamada, is now chairman of the company. And he's still helping to reshape the car.



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St. Louis Mercedes-Benz dealership ordered to pay $1.8 million in workplace discrimination suit

Two women were awarded $1.8 million Friday after claiming they faced discrimination while working at Mercedes-Benz of St. Louis in Missouri.



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Ford begins building its first new auto plant in 53 years. Not everyone is happy

BlueOval City in rural Tennessee is a linchpin in CEO Jim Farley’s $50 billion plan to build 2 million battery-powered automobiles a year by the end of 2026.



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Ford F-150 Lightning shows narrowing lead as most popular electric pickup for second year

The Lightning topped its competitors overall, ranking especially high among truck owners, current EV owners and those age 42 and up. The Toyota Tacoma EV also showed desirable results.



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Disney names Hyundai 100th anniversary sponsor as car brand preps global ad blitz

Hyundai is planning "a year’s worth" of campaigns connected to the 2023 Disney milestone.



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Tuesday, November 15, 2022

FTC extends Safeguards Rule deadline by six months

The National Automobile Dealers Association and American Financial Services Association had petitioned the FTC to add another year to the original Dec. 9, 2022, Safeguards Rule deadline.



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2 more fatal crashes involving Tesla vehicles reported in NHTSA data

NHTSA has received reports of 18 fatal crashes involving vehicles equipped with advanced driver-assistance systems since it began forcing automakers, suppliers and tech companies to disclose the data last year.



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Collision warning, emergency braking cut rear-end crashes in half, study finds

The study comes as automakers add more advanced driver-assistance features to their vehicles and as NHTSA collects data on crashes linked to those technologies.



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Jay Leno suffers burns in car fire in his L.A. garage

The left side of former "The Tonight Show" host's face was burned, but Leno's eye and ear were not severely damaged.



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Collision warning, emergency braking cut rear-end crashes in half, study finds

The study comes as automakers add more advanced driver-assistance features to their vehicles and as NHTSA collects data on crashes linked to those technologies.



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Monday, November 14, 2022

Automatic braking tech reduces rear-end crashes in pickups, study finds

The rear-end crash rate was 43 percent lower for pickups equipped with the technology than for those without it, according to a study from the Insurance Institute for Highway Safety.



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Supplier to close plant, lay off 244 in Michigan

The layoffs are the latest for a manufacturing sector that has been hit hard by inflation and supply chain troubles over the past two years.



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FTC refunds over $9.8 million in Napleton Automotive discrimination case

The Federal Trade Commission is distributing 66,355 checks, averaging $147 each, to car buyers whom the agency says were affected by unlawful practices at Napleton Automotive Group dealerships.



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Toyota, General Motors top Rainbow PUSH diversity scorecard

No automakers received the lowest, red rating for their diversity and inclusion efforts this year. Toyota and GM got the highest possible score in five out of six categories.



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GM’s EVs will be profitable in 2025, Barra to tell investors

Executives also plan to detail GM’s push to go from selling just about 44,000 EVs this year in the U.S. -- at a loss -- to profitably becoming one of the nation’s biggest EV producers.



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Toyota to unveil 5th generation Prius hybrid

Toyota is expected to increase the visual appeal of the Prius, which became a trailblazer for the fuel-saving properties of electrified drivetrains.



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Sunday, November 13, 2022

GM to extend benefits to domestic partners and their kids

General Motors says it's extending its benefits program as it seeks "ways to widen opportunities for people from all backgrounds."



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Off-road 911 Dakar will rough it in L.A.

Porsche will unwrap the 911 Dakar on Nov. 16 in Los Angeles ahead of the auto show there.



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Saturday, November 12, 2022

New NAMAD President Hugene Fields brings outsider's perspective to auto retail

Hugene Fields, who has extensive nonprofit experience, takes his first foray in the automotive world as the new president of the National Association of Minority Automobile Dealers.



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Friday, November 11, 2022

Safford purchase of 16 Brown dealerships biggest in 2022

Safford Automotive more than doubled when it acquired Brown Automotive Group. It's the biggest acquisition tracked so far by this year in terms of the number of new-vehicle dealerships trading hands.



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Audi E-tron reinvented as Q8 E-tron with more range

Audi's original dedicated electric vehicle, the E-tron, is getting a reboot for 2023 that includes updated styling, more range and a new name: the Q8 E-tron 55 and Q8 E-tron Sportback.



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Ford-Lincoln, Nissan, Stellantis and Chevy dealerships acquired in Q3 deals

Ford-Lincoln, Nissan, Chrysler-Dodge-Jeep-Ram and Chevy dealerships traded hands in third-quarter transactions across three states.



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Polestar Q3 loss narrows, expects hit from rising costs

Polestar posted an operating loss of $196.4 million, down from $292.9 million a year ago, while revenue rose to $435.4 million from $212.9 million.



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EU envoy 'hopeful' about getting changes to U.S. EV tax rules

Shutting out European producers from the U.S. market would be "a guarantee of failure" for both economies, European Union Ambassador Stavros Lambrinidis said.



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Two Pennsylvania Carvana locations suspended from performing title, registration actions

Pennsylvania regulators have placed two Carvana locations on a list of business entities temporarily blocked from performing motor vehicle titling and registrations.



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Automakers and suppliers are spending to break through a 'chemical plateau'

Automakers and battery suppliers are in search of a holy grail — a battery chemistry for electric vehicles that sharply reduces charging times and greatly increases range while remaining cheap and easy to produce on a mass scale.



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Thursday, November 10, 2022

Autonomous vehicle survivors on edge

Money poured into startups during bubbly days before and during the pandemic but many of those investments aren't panning out.



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Germany blocks Chinese stake in 2 chipmakers over security concerns

The move comes at a time of heightened sensitivity around relations between Berlin and Beijing.



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Mazda grapples with tight labor at U.S. plant as it struggles to ramp up CX-50

Mazda hopes to add a second shift to its new Alabama plant as it struggles with staffing amid low unemployment in the U.S. state, where it makes the CX-50.



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Wednesday, November 9, 2022

EV registrations in U.S. up 57% through September as Tesla rivals turn up pressure

Legacy automakers and non-Tesla startups saw a 71% surge in EV registrations through September. Tesla vehicles, meanwhile, rose 50 percent during the period, according to data from Experian Automotive.



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Rivian posts $1.7 billion Q3 net loss as revenues lag, costs rise

Supply chain disruptions have pressured Rivian, forcing the company earlier this year to cut production forecast by half to 25,000 units. The electric-vehicle maker delivered 7,363 vehicles, up from 4,467 units in the prior quarter.



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Dealer Jimmy Ellis dies at 67

Jimmy Ellis, CEO of Jim Ellis Automotive Group in Georgia, had run the family-owned company since 2015. He died Nov. 5.



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Nissan quarterly profit soars on better pricing power, model mix

Nissan is capturing a higher tier of customer in North America, partly through renewed product and lower incentives, COO Ashwani Gupta said.



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Stock price-induced impairment charge leads to TrueCar net loss of $77.1 million

Vehicle listings company TrueCar reported a loss of $77.1 million for the third quarter — a drop from a much slimmer loss in the same period a year ago .



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Tuesday, November 8, 2022

Lucid reports Q3 net loss of $670 million, reiterates 2022 production target

The EV startup posted revenue of $196 million on sales of 1,398 vehicles in the quarter and said it's on track to produce 6,000 to 7,000 units of its Air sedan this year.



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Fuccillo Automotive sells Chevy, Toyota and Hyundai dealerships

Fuccillo Automotive Group in October sold Chevy, Toyota and Hyundai dealerships to Maguire Family of Dealerships.



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Rivian under pressure to boost output, maintain demand amid cooling economy

Rivian Automotive reports Q3 earnings on Wednesday amid questions over its ability to meet production targets and maintain demand in slowing economy



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Stock price-induced impairment charge leads to TrueCar net loss of $77.1 million

Vehicle listings company TrueCar reported a loss of $77.1 million for the third quarter — a drop from a much slimmer loss in the same period a year ago .



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Japan petitions U.S. for special consideration with EV tax credits

Japan requests "flexible" thinking for new U.S. EV tax credits. If not, it also warned Japanese carmakers and suppliers would be discouraged from expanding operations in the U.S.



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Renault, Google expand pact to make cars 'like mobile phones'

Renault's expansion of the partnership with Google will allow the automaker to offer more over-the-air software updates as well as additional on-demand services.



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Monday, November 7, 2022

Carvana shares plunge to record low as used-car prices fall fast

Shares of the auto retailer have sunk more than 53 percent in the two trading days since the company reported disappointing third-quarter results last week.



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BMW relocates California Designworks Studio, dowsizes footprint

The news comes as the innovation office for the automotive group celebrates the 50-year mark since Chuck Pelly founded it as DesignworksUSA in 1972.



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BMW opens new Designworks studio in California

The news comes as the innovation office for the automotive group celebrates the 50-year mark since Chuck Pelly founded it as DesignworksUSA in 1972.



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Ford and Toyota are opposing their suppliers over EV tax credit

As automakers call on the U.S. government to rethink a plan to limit tax credits for electric vehicles, they're facing opposition from an unexpected source: their own suppliers.



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Can hydrogen deliver a new way to decarbonize?

For decades, hydrogen has been hyped as near-miracle fuel that emits only water. Thanks to climate change and geopolitical instability, its moment in the spotlight may have just arrived.



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Adient expects stronger 2023 after $2.2 billion sales hit this year

Automotive seating suppier Adient increased sales and earnings durings its fiscal fourth quarter despite headwinds that cost the automotive supplier $2.2 billion in revenue for the year.

The seating and interiors supplier said quarterly sales surged 32 percent from last year and it more than doubled its earnings, according to its earnings report Friday.

The Plymouth, Mich.-based company, which is domiciled in Ireland, reported adjusted earnings of $227 million on $3.7 billion of revenue in the fourth quarter.

Full year revenue was up 3 percent from last year to $14.1 billion, while gross profit slipped 2 percent to $807 million.

Adient shares rose 14.2 percent to close at $37.96 on Friday.

"Our business is performing extremely well right now," CEO Doug Del Grosso said on a call with investors. "We've addressed a lot of the issues that plagued the business not that long ago. This business is about execution every single day so we have to continue to perform the way we've been performing."

Adient, which has struggled with operations in the past, said Friday that it has approved a $600 million share repurchase program made possible by its "strong operational performance, transformed balance sheet and confidence in achieving its long-term plan."

As with other automotive companies, supply chain headwinds, including inflation and car production volatility, continue to hurt Adient's balance sheet, its executives said. Those factors accounted for a $2.2 billion revenue loss and $600 million EBITDA loss for the year.

CFO Jeff Stafeil, who is leaving Adient for a job at Tenneco Inc. at the end of the month, said Adient expects to recover two-third of its losses through improved production next year.

"The temporary operating inefficiencies, we've already started to see some improvements there as the supply chains have become a little better," he said. "I would say certainly not to full level, but we've seen a little bit of green shoots in there, and we would expect that to continue to improve."

The company said it made nearly $1 billion of debt paydown in the year and expects increased earnings, margin and free cash flow in fiscal year 2023.

Meanwhile, negotiations with customers on contracts and cost pass-throughs remain ongoing, Stafeil said.

"If we're going to have that type of inflation in our type of business model, some of that is going to have to be covered by the customer," he said. "We've had great progress on that …"



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Lucid sues Texas in attempt to overturn franchise laws

EV startup calls state regulations "economic protectionism" in U.S. lawsuit.



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Sunday, November 6, 2022

October sales up with higher inventory

Sales increased even as climbing interest rates and surging new-vehicle prices continue to threaten affordability.



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Carlos Ghosn's escape helpers sent back to U.S.

Michael Taylor, a former U.S. Green Beret, and his son were imprisoned last year after they pleaded guilty to helping the auto industry executive flee from his trial in Japan in late 2019.



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Tesla partners with N.M. tribes to bypass sales ban

The EV maker has one store in the state and began construction of a second, much larger location last month.



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Friday, November 4, 2022

Land Rover dealer Larry Zinn builds loyalty with off-roading fun

Each year, Miami land Rover dealer Larry Zinn's two stores hold an off-road driving event called Rover on The Rocks, where customers learn how to drive over rugged terrain using Rover's advanced electronic features.



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Tesla developing 'unique' EV operation near Detroit

Southfield official: "It's not going to be your grandfather's bump shop because of the sophistication of the chips and software. This is unique."



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Longtime GM supplier American Axle says it is not for sale

While denying talk of a sale, American Axle said it is considering "strategic opportunities that serve the best interest of the company."



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Magna rebuilds profits in Q3, posts $289M in net income

Magna lowered its annual sales forecast as supply chain snags and higher utility costs keep global vehicle production under pressure.



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Nissan may ditch Renault deal over sharing technology with Geely

Nissan CEO Makoto Uchida said he was talking to Renault CEO Luca de Meo every weekend as part of discussions between the two automakers that would be "ongoing."



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Thursday, November 3, 2022

Carvana Q3 net loss widens to $508 million

Carvana revenues fell 3 percent to $3.4 billion for the quarter. The retailer sold 102,570 cars and trucks in the third quarter, down 8 percent.



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Musk's $55 billion Tesla pay package tainted by conflicts of interest, investor claims

Musk, the world’s richest person and Tesla’s largest shareholder, must face a Delaware judge at a Nov. 14 trial over the claim by investor Richard Tornetta, who claims the billionaire engineered the windfall pay deal by pushing it through a “supine board.”



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Chinese tycoon spent 8 years, $3 billion on EV that hasn't been built

EV maker Faraday Future once called itself the next Tesla but has yet to produce a vehicle.



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Guest commentary: Autonomous vehicle tech is hard, but it's here to stay

The demise of Argo AI is the latest high-profile stumble in the AV space, but the technology is still young and remains promising.



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EV contenders differ on automated driving

Tesla CEO Elon Musk expects self-driving cars by 2024 or sooner, but Rivian and Lucid aren't ready to remove driver controls like steering wheels and pedals just yet.



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EV contenders differ on automated driving

Tesla CEO Elon Musk expects self-driving cars by 2024 or sooner, but Rivian and Lucid aren't ready to remove driver controls like steering wheels and pedals just yet.



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2023 Ford Transit Trail aims for RV crowd

The van, available this spring, will be highly customizable and start at $67,770, including shipping.



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Stellantis Q3 sales up 29% as better chip supplies lift shipments

Stellantis confirmed its forecast for a double-digit margin on adjusted operating profit and positive industrial free cash flow this year.



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Wednesday, November 2, 2022

KAR Global CFO to retire; 300 jobs being cut in N.A.

KAR reported higher year-over-year revenue, more profits per each vehicle sold and a net profit from its continuing operations in the quarter that ended Sept. 30



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KAR Global CFO to retire; Q3 net loss of $5.8M reported

KAR reported higher year-over-year revenue, more profits per each vehicle sold and a net profit from its continuing operations in the quarter that ended Sept. 30



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Ford's quality chief, Lincoln president to retire

Stuart Rowley and Joy Falotico will retire Dec. 1, while Steven Armstrong, vice president of India and South America transformation, is leaving Jan. 1.



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Subaru struggles to compete with McDonald's on wages as automaker shies away from U.S. EV investments

Subaru says soaring labor costs are one reason the company is not thinking of new investments to build EVs in the U.S. anytime soon. Subaru said its third-quarter net income nearly doubled to $350.2 million.



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Tesla closes its first showroom in China

EV maker Tesla has closed what had been its flagship showroom in China as the company adjusts its sales and service strategy in its second-largest market.



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Subaru struggles to compete with McDonald's on wages as U.S. inflation bites

Subaru says soaring U.S. labor costs are one reason the company is not thinking of new investments to build electric vehicles Stateside anytime soon.



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Tuesday, November 1, 2022

Lear Q3 sales, profits soar on car production improvement

Lear's net income increased 440% from a year ago to $92 million in the third quarter, while sales rose 23 percent to $5.2 billion.



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Hyundai recalls Santa Fe Sport crossovers due to risk of short circuit, fire

Hyundai is recalling 44,396 Santa Fe Sport crossovers and recommending owners park their vehicle outside after discovering a defect that could cause a short circuit and possible fire.



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Toyota eyes U.S., European price increases as costs eat into profits

Toyota warns of looming price increases, saying they are needed to offset surging input costs that drove the automaker's North American business to an operating loss in the latest quarter. The big question is how much of an increase customers will be willing to bear.



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Tesla sends shanghai workers to California

Tesla is sending engineers and production staff from its Shanghai factory to its plant in Fremont, California, in a bid to boost production at the U.S. facility.



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TuSimple fires CEO over ties to Chinese firm; exec denies wrongdoing

The self-driving trucking startup said an investigation by its board showed some of its employees spent paid hours last year working for Hydron, a startup working on autonomous trucks mostly in China.



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Toyota eyes U.S., European price increases as costs eat into profits

Toyota warns of looming price increases, saying they are needed to offset surging input costs that drove the automaker's North American business to an operating loss in the latest quarter. The big question is how much of an increase customers will be willing to bear.



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Increased vehicle production not enough to put Gentex Q3 in black

Automotive mirror supplier Gentex said Friday that supply chain challenges led to lower third-quarter profits, but also touted a sales increase compared with 2021.



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Toyota eyes U.S., European price increases to offset higher costs, slumping profits

Toyota warns of looming price increases, saying they are needed to offset surging input costs that drove the automaker's North American business to an operating loss in the latest quarter. The big question is how much of an increase customers will be willing to bear.



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